Episode 90: The Long Game: How an Ultramarathon Mindset Shapes Real Estate Success

In this episode of The Path to Wellth,  Bill Hamel, founder of Hamel Real Estate and a seasoned multifamily investor shares his journey in the real estate industry, starting from smaller properties and now focusing on larger multifamily communities. He also discusses his passion for ultramarathon training and the mindset it takes to complete these challenging races. Bill emphasizes the importance of pushing through physical pain and having a no-quit attitude in both sports and real estate investing.

Tune in to gain insights from Bill's wealth of experience, determination and approach to success.

Enjoy this episode on your favorite podcast platform

✅ Apple → https://podcasts.apple.com/gb/podcast/the-long-game-how-an-ultramarathon-mindset-shapes/id1625806145?i=1000643049980
✅ Youtube → https://youtu.be/hAMcB7YOmGQ


Let’s Stay Connected

✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/


Connect with Bill Hamel

✅ LinkedIn → https://www.linkedin.com/in/bill-hamel-84b52619/
✅ Website → https://hamelrealestate.com/


Time Stamps

00:00:58 - Mindset for Running Ultra Marathons
00:03:31 - Mental Strength and Physical Limits
00:08:27 - Applying Endurance Mindset to Real Estate
00:10:47 - The Importance of Core Values in Business
00:12:25 - Adapting to High Interest Rates in Real Estate
00:13:01 - Transitioning to Larger Multifamily Investments
00:15:10 - Investing in Florida and Tennessee Markets
00:17:00 - Insurance Challenges in the Tampa Area
00:18:04 - Mindset Shift from Operator to Owner
00:20:15 - Vertical Integration and Property Management
00:21:02 - Prioritizing Investor Relations and Business Opportunities
00:22:00 - Effective Task Management and Delegation
00:25:44 - Best Practices and Challenges in Raising Capital
00:28:03 - Nurturing Investor Relationships
00:29:01 - Correlation Between Endurance Running and Real Estate
00:32:02 - The Appeal of Short-Term Rentals vs. Long-Term Investing
00:34:16 - Detaching from Goals and Focusing on the Process
00:35:27 - Consistent Work and Directional Goals
00:36:31 - The Importance of Rest and Recovery
00:41:32 - Maintaining Healthy Competition Among Lenders
00:44:05 - The Importance of Diverse Banking Relationships
00:45:19 - The Journey of Learning in Life and Business


Quotes

"There's so much urgent stuff that's not important. That's to be delegated."

"And nothing compounds at the rate of relationships, like having real relationships, solid, genuine relationships."

"Become an owner of your business. Don't be an operator of your business."

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